Construction employment increased by 28,000 jobs in August, following a dip in hiring and spending in July, but contractors face a lack of experienced workers, according to an analysis of new government data and a new workforce survey by the Associated General Contractors of America. Association officials said construction job growth would have been even higher but a majority of firms report having a hard time finding qualified workers.
“Construction firms have stayed busy, adding employees in the past year at nearly twice the rate of employers throughout the economy, but more than two-thirds of contractors report difficulty finding craft workers as the number of unemployed, experienced construction workers hit a 17-year low in August,” said Ken Simonson, the association's chief economist. “Although construction spending has fluctuated recently, many contractors are still looking for qualified craft workers and project managers.”
Read full news release here.